Former Vice President Mike Pence said Wednesday evening that he does not plan to run for president in 2028, ending speculation that he could make another White House bid after his unsuccessful 2024 campaign.

Pence made the announcement during an event hosted by the Economic Club of Washington, D.C., where he said his priorities are his work through Advancing American Freedom and spending time with his family. The organization, which Pence founded, advocates for limited government, free-market economics and constitutional principles.

Pence served as vice president under President Donald Trump's first administration from 2017 to 2021 after previously serving as Indiana's governor and as a member of the U.S. House. His political and working relationships with Trump broke down over the course of the term, most notably after Pence refused to block Congress' certification of the 2020 presidential election results on January 6, 2021.

Pence later challenged Trump for the Republican presidential nomination in 2024 but suspended his longshot campaign after struggling to gain any mainstream support or voter momentum. During that short campaign, Pence emphasized traditional conservative principles and warned against populism that he described as having moved away from the Republican Party's traditional policy priorities.

Since leaving elected office, Pence has continued promoting those positions through Advancing American Freedom. The organization has remained active on issues including limited government, constitutional principles, free markets, and other conservative policy priorities.